Manufacturing Execution System MES Market Insights Video
According to Cognitive Market Research, the global Manufacturing Execution System MESmarket size is USD 15245.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 9.70% from 2024 to 2031.
North America held the major market share for more than 40% of the global revenue with a market size of USD 6098.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.9% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 4573.56 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 3506.40 million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.7% from 2024 to 2031.
Latin America had a market share for more than 5% of the global revenue with a market size of USD 762.26 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.1% from 2024 to 2031.
Middle East and Africa hada market share of around 2% of the global revenue and was estimated at a market size of USD 304.90 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.4% from 2024 to 2031.
Automotive sector emerges as the dominating category in the Manufacturing Execution System (MES) market within discrete industries. This dominance is driven by the sector's high-volume production, stringent quality standards, and complex supply chain management.
